If those were also initially funded with debt like a HELOC, then it would also qualify as replacement debt. - If you just personally paid for the renovations then the interest won't be deductible because "paying yourself back" doesn't qualify. 

If you're looking to save some time shifting through properties, our company, Winnow, automatically scans and analyzes every newly listed property and then sends you the ones with potential.

Then you might do cargo containers if allowed at the small locations.  

If your wife wants to go part time quickly then you want to get that squared away first. 

You can purchase a primary home with seller financing, then rent out the spare rooms to generate income.

(I also don't understand how you have a hard money loan with a rate of 7.25%...)offering an equity position that you then buy out in just a few years seems like way too much complexity and risk when you say you just need 30K. 

@Stephen Schroeder it would be fantastic for PMCs to be able to charge owners as you describe, as owners might then truly appreciate everything their PMC does for them.Unfortunately, no one has yet devised how to practically do this.So, PMCs' absorb most office & admin expenses and are compensated for them via the monthly fees they charge their clients.

It went from a rundown home and outdated in every aspect to an up to date property that I rented for 2 and a half years then sold What was the outcome?

I have succesfully done this on IGMS PMS software.I would also make sure your email is listed on their VRBO account. you will then be able to get inquiries and messages on your email account so you know when someone messages.

Quote from @Torrean Edwards: Early in my investing career, I had some success, but then the crash happened.